Gold Price (XAU/USD) is continuously dropping south as raising odds of a bumper rate hike by the Federal Reserve (Fed) in its June monetary policy are punishing the precious metal. The bright metal extended its losses on Thursday after establishing below the two-day low at $1,832.07. The selling momentum is expected to drag the gold prices to near the psychological support of $1,800.00. The US administration is outperforming on the economic data front. The upbeat US Nonfarm (NFP) Payrolls, higher-than-expected US Consumer Price Index (CPI), and strong Producer Price Index (PPI) numbers are advocating for the ... (full story)